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Thursday, December 18, 2014

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Highlights

  • Manufacturing Business Outlook SurveyIndicators Suggest Slower Growth Compared with November

    Manufacturing growth remained positive but slowed from its pace in November, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity decreased from a reading of 40.8 in November to 24.5 this month. Read the report.

  • Board of GovernorsFederal Open Market Committee (FOMC) Releases Statement

    The FOMC has released a statement detailing its economic outlook as well as its stance on monetary policy. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. Read the statement. External Link See the press conference. External Link

  • Tri-State TrackingTri-State Tracking Updated

    The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF.

  • Community Outlook SurveySurvey: Increased Job Availability for Low- and Moderate-Income Households

    Responses from 54 providers to low- and moderate-income households in the region suggest that job availability continued to increase in the third quarter, according to the Bank's recent Community Outlook Survey. Read the report.

  • Federal Reserve Bank of Philadelphia President Charles I. PlosserSpeech: A Longer-Term View of the U.S. Economy and Monetary Policy

    President Charles Plosser gives his views on the U.S. economy and discusses why it is important to take a longer-term view of economic data. He also discusses why he is advocating for the Fed to publish a Monetary Policy Report with an assessment of the likely near-term path of policy rates, in conjunction with its economic forecast. Read the speech.

  • Leading IndexesLeading Indexes Suggest Expansion in 48 States into the Second Quarter

    The Bank has released October's leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 48 states into the second quarter of 2015. Read the report. PDF

  • Business ReviewRead the Latest Business Review

    Articles explore the connection between urban education levels and the overall economy, the causes and ramifications of rising disability rolls, and why Germany avoided high unemployment during the Great Recession. Download the entire issue. PDF

  • The Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.

The EconomyLast update: December 18, 2014, 10:00 a.m. ET

Business Outlook
Coincident Indexes
Leading Indexes
Regional
Data
ADS Business
Conditions
State Coincident Indexes
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State Coincident Indexes

Combine four state-level indicators to summarize current economic conditions in a single statistic.

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State Leading Indexes
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State Leading Indexes

Predict the six-month growth rate of the state's coincident index.

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Aruoba-Diebold-Scotti Business Conditions Index: Plot Since Last Peak
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Aruoba-Diebold-Scotti Business Conditions Index

Designed to track real macroeconomic activity at high frequency. Last updated on December 15, 2014.

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